4
March
PRECIOUS METALS: Gold Futures Retreat As Unease Wanes
4 March 2011 Wall Street Journal
NEW YORK (Dow Jones)--Falling oil prices and anti-inflationary remarks by the head of the European Central Bank prompted investors to cash in on gold's record-high price.
The most actively traded gold contract, for April delivery, fell $21.30, or 1.5%, to settle at $1,416.40 a troy ounce on the Comex division of the New York Mercantile Exchange.
"It's easy to take profits on a day like today," said George Gero, vice president with RBC Capital Markets Global Futures. ...
